An overview of ready-built warehouses and factories in Vietnam

According to the overview report on Vietnam’s industrial real estate in the fourth quarter of 2022 by Cushman & Wakefield:

• The area of industrial land for lease has increased by 12% year over year, totaling 28,170 hectares.
• The occupancy rate has remained stable at 81%, compared to that of the previous quarter.
• The average rental price has risen to $159/m2/lease term, which represents a 3% increase quarter over quarter and a 10% increase year over year.
• The supply of ready-built factories has increased 17% year over year, reaching 4.8 million square meters.

Looking forward to 2023, Cushman & Wakefield predicts that there will be approximately 4.1 million square meters of ready-built factories and 2.8 million square meters of ready-built warehouses available in Vietnam.

Overall, Vietnam boasts an abundant supply of warehouses and factories, which can meet the demands in the supply chain of both domestic and foreign companies.

The constantly fluctuating prices of ready-built factories and warehouses in Vietnam

According to the Ministry of Planning and Investment, over the past five years, the total foreign direct investment (FDI) capital peaked in 2022 at $22.4 billion, which is a 13.5% increase year over year. This influx of FDI has brought about fluctuations in the prices of ready-built warehouses and factories for lease in Vietnam.

More specifically, the data of Vietnam Association Realtors indicates that the rental prices for ready-built warehouses and factories have risen by approximately 10%, with an average quote of $100 – $120/m2/lease term in Southern industrial zones and $90 – $120/m2/lease term in Northern ones.

According to Ms. Pham Ngoc Thien Thanh, Head of Market Research and Development Consulting Department of Ho Chi Minh City (CBRE Viet Nam), the supply of ready-built factories and warehouses will remain abundant in 2023. Meanwhile, the supply of industrial land for lease is likely to decrease due to the negative impact of prolonged legal procedures.

Regarding the average rental price during the 2022 – 2023 period, Ms. Thanh states that the current price level is at its peak and expected to remain stable for the next two years. Therefore, businesses are advised not to miss this opportunity to choose suitable projects and promptly sign a memorandum of understanding to get the best deals.

Gaw NP Industrial – Providing ready-built factories and warehouses for lease at reasonable prices

Leveraging its international expertise and local knowledge, Gaw NP Industrial is a pioneering company in developing ready-built factories and warehouses for lease to meet the growing demand of businesses in Vietnam.

Gaw NP Industrial’s ongoing and completed projects such as GNP Yen Binh 1 and GNP Yen Binh 2 in Thai Nguyen, GNP Nam Dinh Vu in Hai Phong, GNP Dong Van 3 in Ha Nam, all boast an optimal design that meets stringent standards. Some notable features include column-free design to maximize usable space, standard hydraulic lifting and floor systems, wide internal roads, multiple doors, a wastewater treatment system, a standard fire protection system, 24/7 security, etc.

By choosing one of Gaw NP Industrial’s ready-built warehouses and factories for lease projects, businesses can enjoy extremely competitive pricing with discounts. More notably, Gaw NP Industrial even offers flexible payment methods and provides comprehensive support to businesses, regarding legal procedures, designs, construction, recruitment, etc.

To get more information about Gaw NP’s Industrial ready-built warehouse and factory for lease projects such as GNP Yen Binh 1 & 2, GNP Nam Dinh Vu, GNP Dong Van 3, etc. please contact our Hotline at +84 789 75 77 88.

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